1.All-State Moving had sales of $899,000 in 2014 and $967,000 in 2015. The firm's current accounts remained...
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Question:
1.All-State Moving had sales of $899,000 in 2014 and $967,000 in 2015. The firm's current accounts remained constant. Given this information, which one of the following statements must be true
A.The total asset turnover rate increased.
B. The net working capital turnover rate increased.
C. The receivables turnover rate decreased.
D. The days' sales in receivables increased.
E. The fixed asset turnover decreased.
2)A firm has sales of $3,340, net income of $274, net fixed assets of $2,600, and current assets of $920. The firm has $430 in inventory. What is the common-size statement value of inventory?
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